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CARDINAL HEALTH ACQUIRING WACO WHOLESALER BEHRENS FOR OVER $40 MIL.

This article was originally published in The Tan Sheet

Executive Summary

CARDINAL HEALTH ACQUIRING WACO WHOLESALER BEHRENS FOR OVER $40 MIL. in a transaction comprising mainly a stock swap but also some cash. The agreement provides Dublin, Ohio-based Cardinal Health and its growth-through-acquisition strategy "with an exceptionally strong presence in the retail pharmacy segment" in the fast-growing Southwest. Waco, Tex.-based Behrens' presence in that market will "complement Cardinal's existing presence in the hospital and managed care segment in the Southwest," Cardinal Health Chairman and CEO Robert Walter said May 23.
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